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HSBC Nears Pact in Launder Probe

By

Evan Perez

July 15, 2012 8:56 p.m. ET

WASHINGTON—The Justice Department and HSBC Holdings PLC are accelerating settlement talks to resolve a criminal probe into laundering of drug-cartel and other money, according to people familiar with the investigation.

A settlement of the money-laundering investigation is near and could come within weeks, according to these people. Among the allegations Justice Department prosecutors have focused on, according to people familiar with the criminal probe, is whether bank officials were complicit in laundering by drug cartels...